Vertiv and Xavient Information Systems Announce Joint Venture to Expand Software Technology Solutions into Strategic Global Markets

Vertiv-Xavient LLC leverages complementary skills and delivery capabilities for multinational manufacturing, retail, financial services and telecom clients

NEW YORK & LOS ANGELES--(BUSINESS WIRE)-- Vertiv, a leading provider of integrated technology solutions for the banking, insurance and financial services industries, and Xavient Information Systems, a global IT consulting and software services company, announced today that both parties have entered into a joint venture agreement, which will enable increased competitive scale and reach.

The strategic partnership, called Vertiv-Xavient LLC, provides onsite, offshore software engineering and enterprise business solutions to clients throughout the U.S., Europe and Asia. Vertiv-Xavientwill initially focus on delivering manufacturing, retail, financial and telecom software technology solutions and services.

The joint venture represents the culmination of a longstanding relationship between vertiv and Xavientand brings together over 2,400 industry experts in business, technology, infrastructure and operations in order to provide well-integrated, world-class services and solutions throughout key global markets. The partnership will also create state of the art Centers of Excellence to deepenVertiv -Xavient’s existing domain expertise.

Chandra Mohan, Chief Operating and Technology Officer of vertivsaid, “Vertiv-Xavient represents a true strategic partnership of complementary skills. The combination of vertiv’s strong product framework and Xavient’s excellent delivery center capabilities will allow us to leverage new geographic and vertical markets through our shared business and technology prowess.”

Tim Lutz, Chief Financial Officer of Xavient said, “This partnership enables both parties to innovate, create, collaborate, exchange and provide transformational capabilities in infrastructure, technology and business operations. We believe Vertiv-Xavient will produce a competitive advantage for our clients and sustain high profitability in the years to come.”

For more information on specific products, services and focus areas of Vertiv-Xavientplease see http://www.vertiv.com/VertivXavientJV.html and refer to the media contacts below.

About vertiv:

Headquartered in Princeton, New Jersey, vertiv is a leading provider of global integrated technology solutions for the financial services, banking, insurance, retail and manufacturing industries. The company offers highly-adaptable products, packaged solutions and the support of experienced professionals, in the areas of Regulatory Reporting, Liquidity Risk management, and Basel II/III compliance management, to help multinational clients meet the unprecedented transparency requirements of Basel II/III and Dodd-Frank regulations. For more information about vertiv see www.vertiv.com

About Xavient:

Headquartered in Simi Valley, CA, Xavient is a right shoring provider of global IT and engineering solutions for wireless, cable and satellite service providers. Using leveraged expertise with unique onsite and offshore delivery models, Xavient is a boutique professional services company catering to the Global Communications and Media industries. For more information about Xavient, visit www.xavient.com

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50284762&lang=en

For vertiv:
Gutenberg CommunicationsRadha Ahlstrom-Vij, +1-212-239-8741
[email protected]
or
For Xavient:Sonia Tandon, +1-805-955-4166
[email protected]

Source: vertiv & Xavient